Samsung and SK Hynix Reject KEPCO's 25 Trillion Won Prepayment Plan

Samsung Electronics and SK Hynix have rejected a proposal from the Korea Electric Power Corporation (KEPCO) that would have required the two firms to prepay electricity bills to fund grid infrastructure for new tech clusters. The plan, estimated at 25 trillion won, was intended to address the power supply gap for the semiconductor and AI industries. Both chipmakers declined the proposal, citing uncertainty regarding the sustainability of the current semiconductor boom over the next five years.